<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE EXCHANGE ACT OF 1934
(Amendment No. 6)
-
BANK PLUS CORPORATION
---------------------
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
-----------------------------
(Title and Class of Securities)
064446107
------------
(CUSIP Number)
Richard J. Perry, Jr., Esquire
Perry & Associates, P.C.
1826 Jefferson Place, N.W.
Washington, D. C. 20036
(202) 775-8109
--------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
February 22, 1999
----------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement [ ]. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Page 1 of 28 Exhibit Index at page 25
<PAGE> 2
<TABLE>
<CAPTION>
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CUSIP NUMBER 064446107 PAGE 2 OF 28 PAGES
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<S> <C> <C>
1. NAME OF REPORTING PERSON / S.S. OR I.R.S. IDENTIFICATION OF ABOVE PERSON
Financial Institution Partners, L.P. / 52-1899611
- -----------------------------------------------------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b)
- -----------------------------------------------------------------------------------------------------------------------------
3. SOURCE OF FUNDS
WC OO
- -----------------------------------------------------------------------------------------------------------------------------
4. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e)
NO
- -----------------------------------------------------------------------------------------------------------------------------
5. CITIZENSHIP OR PLACE OF ORIGIN
Organized: State of Delaware
- -----------------------------------------------------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER
SHARES 6.
OWNED BY
EACH
REPORTING --------------------------------------------------------------------------------------------------------------
PERSON WITH SHARED VOTING POWER
7.
881,146 SHARES
--------------------------------------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER
8.
--------------------------------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
9.
881,146 SHARES
- -----------------------------------------------------------------------------------------------------------------------------
10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
881,146 SHARES
- -----------------------------------------------------------------------------------------------------------------------------
11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN SHARES?
NO
- -----------------------------------------------------------------------------------------------------------------------------
12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
4.54%
- -----------------------------------------------------------------------------------------------------------------------------
13. TYPE OF REPORTING PERSON
PN
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 2 of 28 Pages
<PAGE> 3
<TABLE>
<CAPTION>
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CUSIP NUMBER 064446107 PAGE 3 OF 28 PAGES
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<S> <C> <C>
1. NAME OF REPORTING PERSON / S.S. OR I.R.S. IDENTIFICATION OF ABOVE PERSON
Hovde Capital, Inc. / 52-1891904
-----------------------------------------------------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b)
- -----------------------------------------------------------------------------------------------------------------------------
3. SOURCE OF FUNDS
AF
- -----------------------------------------------------------------------------------------------------------------------------
4. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e)
NO
- -----------------------------------------------------------------------------------------------------------------------------
5. CITIZENSHIP OR PLACE OF ORIGIN
Incorporated: State of Delaware
- -----------------------------------------------------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER
SHARES 6.
OWNED BY
EACH --------------------------------------------------------------------------------------------------------------
REPORTING SHARED VOTING POWER
PERSON WITH 7.
881,146 SHARES
--------------------------------------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER
8.
--------------------------------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
9.
881,146 SHARES
- -----------------------------------------------------------------------------------------------------------------------------
10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
881,146 SHARES
- -----------------------------------------------------------------------------------------------------------------------------
11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN SHARES?
NO
- -----------------------------------------------------------------------------------------------------------------------------
12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
4.54%
- -----------------------------------------------------------------------------------------------------------------------------
13. TYPE OF REPORTING PERSON
CO
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 3 of 28 Pages
<PAGE> 4
<TABLE>
<CAPTION>
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CUSIP NUMBER 064446107 PAGE 4 OF 28 PAGES
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<S> <C> <C>
1. NAME OF REPORTING PERSON / S.S. OR I.R.S. IDENTIFICATION OF ABOVE PERSON
Financial Institution Partners II, L.P. / 36-4131559
- -----------------------------------------------------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b)
- -----------------------------------------------------------------------------------------------------------------------------
3. SOURCE OF FUNDS
WC OO
- -----------------------------------------------------------------------------------------------------------------------------
4. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e)
NO
- -----------------------------------------------------------------------------------------------------------------------------
5. CITIZENSHIP OR PLACE OF ORIGIN
Organized: State of Delaware
- -----------------------------------------------------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER
SHARES 6.
OWNED BY
EACH --------------------------------------------------------------------------------------------------------------
REPORTING SHARED VOTING POWER
PERSON WITH 7.
432,800 SHARES
--------------------------------------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER
8.
--------------------------------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
9.
432,800 SHARES
- -----------------------------------------------------------------------------------------------------------------------------
10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
432,800 SHARES
- -----------------------------------------------------------------------------------------------------------------------------
11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN SHARES?
NO
- -----------------------------------------------------------------------------------------------------------------------------
12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
2.23%
- -----------------------------------------------------------------------------------------------------------------------------
13. TYPE OF REPORTING PERSON
PN
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 4 of 28 Pages
<PAGE> 5
<TABLE>
<CAPTION>
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CUSIP NUMBER 064446107 PAGE 5 OF 28 PAGES
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<S> <C> <C>
1. NAME OF REPORTING PERSON / S.S. OR I.R.S. IDENTIFICATION OF ABOVE PERSON
Hovde Capital, L.L.C. / 91-1825712
- -----------------------------------------------------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b)
- -----------------------------------------------------------------------------------------------------------------------------
3. SOURCE OF FUNDS
AF
- -----------------------------------------------------------------------------------------------------------------------------
4. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e)
NO
- -----------------------------------------------------------------------------------------------------------------------------
5. CITIZENSHIP OR PLACE OF ORIGIN
Organized: State of Nevada
- -----------------------------------------------------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER
SHARES 6.
OWNED BY
EACH --------------------------------------------------------------------------------------------------------------
REPORTING SHARED VOTING POWER
PERSON WITH 7.
432,800 SHARES
--------------------------------------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER
8.
--------------------------------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
9.
432,800 SHARES
- -----------------------------------------------------------------------------------------------------------------------------
10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
432,800 SHARES
- -----------------------------------------------------------------------------------------------------------------------------
11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN SHARES?
NO
- -----------------------------------------------------------------------------------------------------------------------------
12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
2.23%
- -----------------------------------------------------------------------------------------------------------------------------
13. TYPE OF REPORTING PERSON
CO
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 5 of 28 Pages
<PAGE> 6
<TABLE>
<CAPTION>
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CUSIP NUMBER 064446107 PAGE 6 OF 28 PAGES
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<S> <C> <C>
1. NAME OF REPORTING PERSON / S.S. OR I.R.S. IDENTIFICATION OF ABOVE PERSON
Hancock Park Acquisition, L.P. / 36-4081806
- -----------------------------------------------------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b)
- -----------------------------------------------------------------------------------------------------------------------------
3. SOURCE OF FUNDS
WC OO
- -----------------------------------------------------------------------------------------------------------------------------
4. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e)
NO
- -----------------------------------------------------------------------------------------------------------------------------
5. CITIZENSHIP OR PLACE OF ORIGIN
Organized: State of Delaware
- -----------------------------------------------------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER
SHARES 6.
OWNED BY
EACH --------------------------------------------------------------------------------------------------------------
REPORTING SHARED VOTING POWER
PERSON WITH 7.
651,260 SHARES
--------------------------------------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER
8.
--------------------------------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
9.
651,260 SHARES
- -----------------------------------------------------------------------------------------------------------------------------
10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
651,260 SHARES
- -----------------------------------------------------------------------------------------------------------------------------
11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN SHARES?
NO
- -----------------------------------------------------------------------------------------------------------------------------
12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
3.35%
- -----------------------------------------------------------------------------------------------------------------------------
13. TYPE OF REPORTING PERSON
PN
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 6 of 28 Pages
<PAGE> 7
<TABLE>
<CAPTION>
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CUSIP NUMBER 064446107 PAGE 7 OF 28 PAGES
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<S> <C> <C>
1. NAME OF REPORTING PERSON / S.S. OR I.R.S. IDENTIFICATION OF ABOVE PERSON
Hancock Park Acquisition, L.L.C. / 36-4068512
- -----------------------------------------------------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b)
- -----------------------------------------------------------------------------------------------------------------------------
3. SOURCE OF FUNDS
AF
- -----------------------------------------------------------------------------------------------------------------------------
4. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e)
NO
- -----------------------------------------------------------------------------------------------------------------------------
5. CITIZENSHIP OR PLACE OF ORIGIN
Organized: State of Illinois
- -----------------------------------------------------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER
SHARES 6.
OWNED BY
EACH --------------------------------------------------------------------------------------------------------------
REPORTING SHARED VOTING POWER
PERSON WITH 7.
651,260 SHARES
--------------------------------------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER
8.
--------------------------------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
9.
651,260 SHARES
- -----------------------------------------------------------------------------------------------------------------------------
10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
651,260 SHARES
- -----------------------------------------------------------------------------------------------------------------------------
11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN SHARES?
NO
- -----------------------------------------------------------------------------------------------------------------------------
12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
3.35%
- -----------------------------------------------------------------------------------------------------------------------------
13. TYPE OF REPORTING PERSON
CO
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 7 of 28 Pages
<PAGE> 8
<TABLE>
<CAPTION>
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CUSIP NUMBER 064446107 PAGE 8 OF 28 PAGES
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<S> <C> <C>
1. NAME OF REPORTING PERSON / S.S. OR I.R.S. IDENTIFICATION OF ABOVE PERSON
Western Acquisition Partners, L.P. / 36-4081807
- -----------------------------------------------------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b)
- -----------------------------------------------------------------------------------------------------------------------------
3. SOURCE OF FUNDS
WC OO
- -----------------------------------------------------------------------------------------------------------------------------
4. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e)
NO
- -----------------------------------------------------------------------------------------------------------------------------
5. CITIZENSHIP OR PLACE OF ORIGIN
Organized: State of Delaware
- -----------------------------------------------------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER
SHARES 6.
OWNED BY
EACH --------------------------------------------------------------------------------------------------------------
REPORTING SHARED VOTING POWER
PERSON WITH 7.
140,000 SHARES
--------------------------------------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER
8.
--------------------------------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
9.
140,000 SHARES
- -----------------------------------------------------------------------------------------------------------------------------
10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
140,000 SHARES
- -----------------------------------------------------------------------------------------------------------------------------
11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN SHARES?
NO
- -----------------------------------------------------------------------------------------------------------------------------
12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
0.72%
- -----------------------------------------------------------------------------------------------------------------------------
13. TYPE OF REPORTING PERSON
PN
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 8 of 28 Pages
<PAGE> 9
<TABLE>
<CAPTION>
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CUSIP NUMBER 064446107 PAGE 9 OF 28 PAGES
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<S> <C> <C>
1. NAME OF REPORTING PERSON / S.S. OR I.R.S. IDENTIFICATION OF ABOVE PERSON
Western Acquisitions, L.L.C. / 36-4068258
- -----------------------------------------------------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b)
- -----------------------------------------------------------------------------------------------------------------------------
3. SOURCE OF FUNDS
AF
- -----------------------------------------------------------------------------------------------------------------------------
4. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e)
NO
- -----------------------------------------------------------------------------------------------------------------------------
5. CITIZENSHIP OR PLACE OF ORIGIN
Organized: State of Illinois
- -----------------------------------------------------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER
SHARES 6.
OWNED BY
EACH --------------------------------------------------------------------------------------------------------------
REPORTING SHARED VOTING POWER
PERSON WITH 7.
140,000 SHARES
--------------------------------------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER
8.
--------------------------------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
9.
140,000 SHARES
- -----------------------------------------------------------------------------------------------------------------------------
10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
140,000 SHARES
- -----------------------------------------------------------------------------------------------------------------------------
11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN SHARES?
NO
- -----------------------------------------------------------------------------------------------------------------------------
12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
0.72%
- -----------------------------------------------------------------------------------------------------------------------------
13. TYPE OF REPORTING PERSON
CO
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 9 of 28 Pages
<PAGE> 10
<TABLE>
<CAPTION>
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CUSIP NUMBER 064446107 PAGE 10 OF 28 PAGES
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<S> <C> <C>
1. NAME OF REPORTING PERSON / S.S. OR I.R.S. IDENTIFICATION OF ABOVE PERSON
Pacific Financial Investors, Ltd. / 91-1885722
- -----------------------------------------------------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b)
- -----------------------------------------------------------------------------------------------------------------------------
3. SOURCE OF FUNDS
WC OO
- -----------------------------------------------------------------------------------------------------------------------------
4. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e)
NO
- -----------------------------------------------------------------------------------------------------------------------------
5. CITIZENSHIP OR PLACE OF ORIGIN
Organized: State of Nevada
- -----------------------------------------------------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER
SHARES 6.
OWNED BY
EACH --------------------------------------------------------------------------------------------------------------
REPORTING SHARED VOTING POWER
PERSON WITH 7.
608,867 SHARES
--------------------------------------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER
8.
--------------------------------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
9.
608,867 SHARES
- -----------------------------------------------------------------------------------------------------------------------------
10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
608,867 SHARES
- -----------------------------------------------------------------------------------------------------------------------------
11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN SHARES?
NO
- -----------------------------------------------------------------------------------------------------------------------------
12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
3.14%
- -----------------------------------------------------------------------------------------------------------------------------
13. TYPE OF REPORTING PERSON
CO
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 10 of 28 Pages
<PAGE> 11
ITEM 1. SECURITY AND COMPANY
The class of security to which this statement relates is the common
stock, par value $.01 per share (the "Shares"), of Bank Plus Corporation (the
"Company"). The address of the principal executive offices of the Company is
4565 Colorado Boulevard, Los Angeles, CA 90039.
ITEM 2. IDENTITY AND BACKGROUND
The persons filing this statement are Financial Institution Partners,
L.P., Financial Institution Partners II, L.P., Hancock Park Acquisition, L.P.,
Western Acquisition Partners, L.P. (the "Limited Partnerships"), Hovde Capital,
Inc., Hovde Capital, L.L.C., Hancock Park Acquisition, L.L.C., Western
Acquisitions, L.L.C. (the "General Partners"), and Pacific Financial Investors,
Ltd., who are collectively referred to herein as the "Reporting Persons." The
Limited Partnerships are Delaware limited partnerships formed for the purpose of
investing in, among other things, the equity securities of various financial
institutions. Hovde Capital, Inc., a Delaware corporation, is the general
partner of Financial Institution Partners, L.P. Hovde Capital, L.L.C., a Nevada
limited liability company, is the general partner of Financial Institution
Partners II, L.P. Hancock Park Acquisition, L.L.C., an Illinois limited
liability company, is the general partner of Hancock Park Acquisition, L.P.
Western Acquisitions, L.L.C., an Illinois limited liability company, is the
general partner of Western Acquisition Partners, L.P. Pacific Financial
Investors, Ltd. is a Nevada limited liability company formed for the purpose of
investing in the equity shares of various financial institutions and to engage
in all other lawful purposes.
Attached as Schedule 1 hereto and incorporated by reference herein is a
list containing the principal business and the address of its principal business
and office for the Limited Partnerships and the General Partners, as well as
information required by (a) through (f) of this Item as to each executive
officer, director and/or controlling person of the General Partners who are
Reporting Persons. The General Partners control the Limited Partnerships.
None of the Reporting Persons or executive officers, directors or
controlling persons of the General Partners have, during the last five years,
been convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding of any violation with respect to such laws.
The Reporting Persons do not believe that they constitute a "group"
within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934,
as amended. Nevertheless, the Reporting Persons are making this filing because
of the possibility that they may be deemed a group, although each of the
Reporting Persons disclaims any membership in, and the existence of, such a
group. Neither the making of this filing nor any statement contained herein
shall be deemed to be an admission by any of the Reporting Persons that a group
exists.
Page 11 of 28 Pages
<PAGE> 12
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Information regarding the source and amount of funds used by the
Reporting Persons in acquiring beneficial ownership of their Shares is set forth
in Schedule 2 attached hereto and incorporated herein by reference.
ITEM 4. PURPOSE OF TRANSACTION
The Reporting Persons have acquired the Shares for investment
purposes and as set forth below:
(a) Each of the Reporting Persons may independently acquire
additional Shares or dispose of some or all of its Shares.
(b) One of the Reporting Persons, Pacific Financial Investors, Ltd.
("PFI Ltd."), on behalf of itself and the limited partnership of which
it is the general partner, Pacific Financial Investors, L.P., a Delaware
limited partnership ("PFI LP") (PFI Ltd. and PFI LP collectively hereinafter
referred to as the "Applicants"), filed an application (the "Application") on
February 22, 1999, with the Office of Thrift Supervision ("OTS") on form H-(e)1
pursuant to the Savings and Loan Holding Company Act, as amended. The
Application seeks approval for the Applicants to become savings and loan
holding companies by virtue of their proposed ownership interest in the Issuer.
Upon approval of the Application by the OTS, each of the Reporting Persons
intends to contribute the Shares then beneficially owned by each such Reporting
Person, except that PFI Ltd. may retain a limited number of the Shares
beneficially owned by it, to PFI LP in exchange for a limited partnership
interest in PFI LP and, in the case of PFI Ltd., a general partnership interest
and/or a limited partnership interest in PFI LP. Until the Application is
approved by the OTS, the Reporting Persons currently remain subject to the
Rebuttal as previously reported.
Except as described above, neither the Reporting Persons nor,
to the knowledge of the Reporting Persons, any of the persons named in
Schedule I hereto have any plans or proposals which relate to or would result
in any of the actions or transactions specified in clauses (a) through (j) of
Item 4 of Schedule 13D.
(c) None.
(d) None.
(e) None.
(f) None.
(g) None.
(h) None.
(i) None.
(j) None.
ITEM 5. INTEREST IN SECURITIES OF THE COMPANY
(a), (b) Schedule 3 hereto, which is incorporated by reference
herein, sets forth, as of February 23, 1999, information relating to the
aggregate number of Shares of the Company and
Page 12 of 28 Pages
<PAGE> 13
the percentage of the outstanding Shares of the Company as of such date (based
upon information provided by the Company, there are 19,419,778 Shares
outstanding as of that date) as to each of the Reporting Persons. With respect
to the Shares set forth on Schedule 3, by virtue of their control over each
respective Limited Partnership, all decisions regarding voting and disposition
of the Shares beneficially owned by each Limited Partnership are made by its
respective General Partner acting through its chief executive officer or
president. As such, the Limited Partnerships and the General Partners share
voting and investment power with respect to those Shares. None of the General
Partners, their executive officers, directors or controlling persons
beneficially owns any Shares personally or otherwise, except for the Shares
owned by the Partnerships.
(c) Schedule 4 hereto, which is incorporated by reference herein,
describes, as of February 23, 1999, transactions in the Shares effected during
the past sixty (60) days by the Reporting Persons.
(d) None.
(e) Not applicable.
Each of the Reporting Persons disclaims beneficial ownership of Shares
beneficially owned by any of the other Reporting Persons.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE COMPANY
None.
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS
<TABLE>
<S> <C>
Exhibit A - Consent Agreement pursuant to 17 C.F.R. Section 13d-1(f)(1)
Exhibit B - [OMITTED - - FILED PURSUANT TO REQUEST FOR CONFIDENTIAL TREATMENT]
(Incorporated by reference to Amendment No. 3, filed with the
Securities and Exchange Commission (the "Commission") on December 4, 1998)]
Exhibit C - Customer Agreement between NationsBanc Montgomery Securities and Financial
Institution Partners II, L.P. (Incorporated by reference to Amendment No. 3,
filed with the Commission on December 4, 1998)
Exhibit D - Prime Broker Agreement between NationsBanc Montgomery Securities and
Financial Institution Partners II, L.P. (Incorporated by reference to Amendment No. 3,
filed with the Commission on December 4, 1998)
Exhibit E - Partnership Agreement between NationsBanc Montgomery Securities and Financial
Institution Partners II, L.P. (Incorporated by reference to Amendment No. 3, filed
with the Commission on December 4, 1998)
</TABLE>
Page 13 of 28 Pages
<PAGE> 14
<TABLE>
<S> <C>
Exhibit F - Customer Agreement between NationsBanc Montgomery Securities and
Financial Institution Partners, L.P. (Incorporated by
reference to Amendment No. 3, filed with the Commission
on December 4, 1998)
Exhibit G - Prime Broker Agreement between NationsBanc Montgomery Securities
and Financial Institution Partners, L.P. (Incorporated by reference
to Amendment No. 3, filed with the Commission on December 4, 1998)
Exhibit H - Partnership Agreement between NationsBanc Montgomery Securities and
Financial Institution Partners, L.P. (Incorporated by reference
to Amendment No. 3, filed with the Commission on December 4, 1998)
Exhibit I - Customer Agreement between NationsBanc Montgomery Securities and
Hancock Park Acquisition, L.P. (Incorporated by reference
to Amendment No. 3, filed with the Commission on December 4, 1998)
Exhibit J - Prime Broker Agreement between NationsBanc Montgomery Securities and
Hancock Park Acquisition, L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on December 4, 1998)
Exhibit K - Partnership Agreement between NationsBanc Montgomery Securities and
Hancock Park Acquisition, L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on December 4, 1998)
Exhibit L - Customer Agreement between NationsBanc Montgomery Securities and
Western Acquisition Partners, L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on December 4, 1998)
Exhibit M - Prime Broker Agreement between NationsBanc Montgomery Securities
and Western Acquisition Partners, L.P. (Incorporated by reference
to Amendment No. 3, filed with the Commission on December 4, 1998)
Exhibit N - Partnership Agreement between NationsBanc Montgomery Securities and
Western Acquisition Partners, L.P. (Incorporated by reference
to Amendment No. 3, filed with the Commission on December 4, 1998)
Exhibit O - Customer Agreement between NationsBanc Montgomery Securities and
Pacific Financial Investors, Ltd.(Incorporated by reference to
Amendment No. 5, filed with the Commission on January 25, 1999)
Exhibit P - Prime Broker Agreement between NationsBanc Montgomery Securities and
Pacific Financial Investors, Ltd. (Incorporated by reference to
Amendment No. 5, filed with the Commission on January 25, 1999)
Exhibit Q - Limited Liability Company Agreement between NationsBanc Montgomery
Securities and Pacific Financial Investors, Ltd. (Incorporated by
reference to Amendment No. 5, filed with the Commission on
January 25, 1999)
</TABLE>
Page 14 of 28 Pages
<PAGE> 15
SIGNATURES
After reasonable inquiry and to the best of his/its knowledge and belief,
each of the undersigned Reporting Persons certifies that the information set
forth in this statement with respect to him/it is true, complete and correct.
FINANCIAL INSTITUTION PARTNERS, L.P., by
its General Partner, HOVDE CAPITAL, INC.
By: /s/ Eric D. Hovde
-------------------------------------
Eric D. Hovde
Its: President
HOVDE CAPITAL, INC.
By: /s/ Eric D. Hovde
-------------------------------------
Eric D. Hovde
Its: President
FINANCIAL INSTITUTION PARTNERS II, L.P.,
by its General Partner, HOVDE CAPITAL,
L.L.C.
By: /s/ Eric D. Hovde
-------------------------------------
Eric D. Hovde
Its: Managing Member
HOVDE CAPITAL, L.L.C.
By: /s/ Eric D. Hovde
-------------------------------------
Eric D. Hovde
Its: Managing Member
HANCOCK PARK ACQUISITION, L.P., by its
General Partner, HANCOCK PARK ACQUISITION,
L.L.C..
By: /s/ Eric D. Hovde
-------------------------------------
Eric D. Hovde
Its: Member
Page 15 of 28 Pages
<PAGE> 16
HANCOCK PARK ACQUISITION, L.L.C.
By: /s/ Eric D. Hovde
-------------------------------------
Eric D. Hovde
Its: Member
WESTERN ACQUISITION PARTNERS, L.P., by
its General Partner, WESTERN ACQUISITIONS,
L.L.C.
By: /s/ Eric D. Hovde
-------------------------------------
Eric D. Hovde
Its: Managing Member
WESTERN ACQUISITIONS, L.L.C.
By: /s/ Eric D. Hovde
-------------------------------------
Eric D. Hovde
Its: Managing Member
PACIFIC FINANCIAL INVESTORS, LTD.
By: /s/ Eric D. Hovde
-------------------------------------
Eric D. Hovde
Its: Managing Member
Dated: 2/23/99
-------
Page 16 of 28 Pages
<PAGE> 17
SCHEDULE 1
INFORMATION RELATING TO REPORTING PERSONS
-----------------------------------------
<TABLE>
<CAPTION>
PRINCIPAL BUSINESS AND
ADDRESS OF PRINCIPAL BUSINESS
NAME OR PRINCIPAL OFFICE
---- -----------------------------
<S> <C>
Financial Institution Partners, L.P. Limited partnership formed to make
investments primarily in equity securities
of financial institutions.
1629 Colonial Parkway
Inverness, Illinois 60067
Organized: State of Delaware
Hovde Capital, Inc. Corporation formed to serve as the
general partner of Financial Institution
Partners, L.P.
1629 Colonial Parkway
Inverness, Illinois 60067
Incorporated: State of Delaware
Financial Institution Partners II, L.P. Limited partnership formed to make investments
primarily in equity securities of financial
institutions and financial services companies.
1629 Colonial Parkway
Inverness, Illinois 60067
Organized: State of Delaware
Hovde Capital, L.L.C. Limited liability company formed to serve as
the general partner of Financial Institution
Partners II, L.P.
1629 Colonial Parkway
Inverness, Illinois 60067
Organized: State of Nevada
Hancock Park Acquisition, L.P. Limited partnership formed to make
investments primarily in equity securities of
financial institutions.
1629 Colonial Parkway
Inverness, Illinois 60067
Organized: State of Delaware
</TABLE>
Page 17 of 28 Pages
<PAGE> 18
<TABLE>
<S> <C>
Hancock Park Acquisition, L.L.C. Limited liability company formed to serve as the
general partner of Hancock Park Acquisition, L.P.
1629 Colonial Parkway
Inverness, Illinois 60067
Organized: State of Illinois
Western Acquisition Partners, L.P. Limited partnership formed to make
investments primarily in equity securities of
financial institutions.
1629 Colonial Parkway
Inverness, Illinois 60067
Organized: State of Delaware
Western Acquisitions, L.L.C. Limited liability company formed to serve as
the general partner of Western Acquisition
Partners, L.P.
1629 Colonial Parkway
Inverness, Illinois 60067
Organized: State of Illinois
Pacific Financial Investors, Ltd. Limited liability company formed to make investments
primarily in equity securities of
financial institutions and to engage in all other lawful purposes.
1824 Jefferson Place, N.W.
Washington, D.C. 20036
Organized: State of Nevada
</TABLE>
Page 18 of 28 Pages
<PAGE> 19
INFORMATION RELATING TO EXECUTIVE OFFICERS, DIRECTORS AND/OR CONTROLLING PERSONS
<TABLE>
<CAPTION>
NAME PRINCIPAL OCCUPATION
ADDRESS BUSINESS ADDRESS CITIZENSHIP
- ------- -------------------- -----------
<S> <C> <C>
Steven D. Hovde(1) Investment banker U.S.
1629 Colonial Parkway Hovde Financial, Inc.
Inverness, Illinois 60067 1629 Colonial Parkway
Inverness, Illinois 60067
Investment banking firm
Eric D. Hovde(2) Investment banker U.S.
1826 Jefferson Place, NW Hovde Financial, Inc.
Washington, D.C. 20036 1826 Jefferson Place, NW
Washington, D.C. 20036
Investment banking firm
Braddock J. LaGrua(3) Investment banker U.S.
1826 Jefferson Place, NW Hovde Financial, Inc.
Washington, D.C. 20036 1826 Jefferson Place, NW
Washington, D.C. 20036
Investment banking firm
Gregory A. Mitchell(4) Investment banker U.S.
1801 Oakland Blvd., Suite 259 Hovde Financial, Inc.
Walnut, CA 94596 1801 Oakland Blvd.
Suite 250
Walnut, CA 94596
</TABLE>
- --------
(1) Steven D. Hovde is affiliated with the following Reporting Persons:
Chairman, CEO of Hovde Capital, Inc.; President, Treasurer of Hovde Capital,
L.L.C.; Executive VP, Treasurer of Hancock Park Acquisition, L.L.C.; Executive
VP, Treasurer of Western Acquisitions, L.L.C.
(2) Eric D. Hovde is affiliated with the following Reporting Persons: President
of Hovde Capital, Inc.; Chairman and CEO of Hovde Capital, L.L.C.; President and
Assistant Treasurer of Hancock Park Acquisition, L.L.C.; President and Assistant
Treasurer of Western Acquisitions, L.L.C.
(3) Braddock J. LaGrua is affiliated with the following Reporting Persons:
Executive VP, Treasurer of Hovde Capital, Inc.
(4) Gregory A. Mitchell is affiliated with the following Reporting Persons: VP
of Hovde Capital, L.L.C.; Senior VP of Hancock Park Acquisition, L.L.C.
Page 19 of 28 Pages
<PAGE> 20
SCHEDULE 2
The following table sets forth the amount and source of funds used
by each Reporting Person in acquiring the Shares beneficially owned by it.
<TABLE>
<CAPTION>
AMOUNT
ORIGINALLY
TOTAL FINANCED/ SOURCE OF
NAME CONSIDERATION CURRENT BALANCE FUNDS
- ----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Financial $4,380,490.59 $2,643,626,.07/ Working Capital/
Institution $1,736,864.52 Line of Credit*
Partners, L.P.
Hovde Capital, $4,380,490.59 $2,643,626,.07/ Working Capital/
Inc. $1,736,864.52 Line of Credit of
Affiliate*
Financial $2,317,340.75 $1,302,808.97/ Working Capital/
Institution $1,014,531.78 Line of Credit**
Partners II, L.P.
Hovde Capital, $2,317,340.75 $1,302,808.97/ Working Capital/
L.L.C. $1,014,531.78 Line of Credit of
Affiliate**
Hancock Park $3,514,566.31 $1,953,747.41/ Working Capital/
Acquisition, L.P. $1,560,818.90 Line of Credit***
Hancock Park $3,514,566.31 $1,953,747.41/ Working Capital/
Acquisition, L.L.C. $1,560,818.90 Line of Credit of
Affiliate***
Western $1,551,875.00 $775,937.50/ Working Capital/
Acquisition $775,937.50 Line of Credit****
Partners, L.P.
Western $1,551,875.00 $775,937.50/ Working Capital/
Acquisitions, L.L.C. $775,937.50 Line of Credit of
Affiliate****
Pacific Financial $2,537,956.65 $1,826,567.40/ Working Capital/
Investors, Ltd. $711,389.25 Line of Credit*****
</TABLE>
- --------------------------------------------------------------------------------
*$1,736,864.52 was financed through a line of credit with NationsBanc
Montgomery Securities at Federal Funds rate +5/8.
**$1,014,531.78 was financed through a line of credit with NationsBanc
Montgomery Securities at Federal Funds rate +5/8.
***$1,560,818.90 was financed through a line of credit with NationsBanc
Montgomery Securities at Federal Funds rate +5/8.
****$775,937.50 was financed through a line of credit with NationsBanc
Montgomery Securities at Federal Funds rate +5/8.
*****$711,389.25 was financed through a line of credit with NationsBanc
Montgomery Securities at Federal Funds rate +5/8.
Page 20 of 28 Pages
<PAGE> 21
SCHEDULE 3
The following table sets forth the number and approximate percentage
of Shares beneficially owned by each of the Reporting Persons. Each of the
Reporting Persons has shared power to vote or to direct the vote and to dispose
or to direct the disposition of the Shares of which each of them, respectively,
possesses beneficial ownership.
<TABLE>
<CAPTION>
APPROXIMATE
NAME NUMBER OF SHARES PERCENTAGE
- ---- ---------------- ----------
<S> <C> <C>
Financial Institution 881,146 4.54%
Partners, L.P.
Hovde Capital, Inc. 881,146 4.54%
Financial Institution 432,800 2.23%
Partners II, L.P.
Hovde Capital, L.L.C. 432,800 2.23%
Hancock Park 651,260 3.35%
Acquisition, L.P.
Hancock Park 651,260 3.35%
Acquisition, L.L.C.
Western Acquisition 140,000 0.72%
Partners, L.P.
Western Acquisitions, 140,000 0.72%
L.L.C.
Pacific Financial 608,867 3.14%
Investors, Ltd.
- ------------------------------------------------------------------------------------------------------
Aggregate Shares Held by 2,714,073 13.98%
Reporting Persons
</TABLE>
Page 21 of 28 Pages
<PAGE> 22
SCHEDULE 4
Description of Transactions in Shares Effected within 60 Days
The Reporting Persons effected the following transactions in the Shares within
sixty (60) days of February 23, 1999:
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------
Transaction Number of Transaction Transaction Broker
Date Shares Price Type
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Financial Institution
Partners, L.P. 12/31/98 190,000 $3.974 Sell N/A*
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 22 of 28 Pages
<PAGE> 23
<TABLE>
<S> <C> <C> <C> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------
Transaction Number of Transaction Transaction Broker
Date Shares Price Type
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Financial Institution
Partners II, L.P. 12/31/98 2,000 4.25 Sell N/A**
-------------------------------------------------------------------------------------------------------
12/31/98 2,000 4.25 Sell N/A**
-------------------------------------------------------------------------------------------------------
12/31/98 4,500 4.25 Sell N/A**
-------------------------------------------------------------------------------------------------------
12/31/98 5,000 4.25 Sell N/A**
-------------------------------------------------------------------------------------------------------
12/31/98 5,000 4.25 Sell N/A**
-------------------------------------------------------------------------------------------------------
12/31/98 5,000 4.25 Sell N/A**
-------------------------------------------------------------------------------------------------------
12/31/98 5,000 4.25 Sell N/A**
-------------------------------------------------------------------------------------------------------
12/31/98 5,000 4.25 Sell N/A**
-------------------------------------------------------------------------------------------------------
12/31/98 10,000 4.25 Sell N/A**
-------------------------------------------------------------------------------------------------------
12/31/98 10,000 4.25 Sell N/A**
-------------------------------------------------------------------------------------------------------
12/31/98 15,000 4.25 Sell N/A**
-------------------------------------------------------------------------------------------------------
12/31/98 25,000 4.25 Sell N/A**
-------------------------------------------------------------------------------------------------------
12/31/98 30,000 4.25 Sell N/A**
-------------------------------------------------------------------------------------------------------
12/31/98 50,000 4.25 Sell N/A**
-------------------------------------------------------------------------------------------------------
12/31/98 202,667 4.25 Sell N/A**
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------
Transaction Number of Transaction Transaction Broker
Date Shares Price Type
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Pacific Financial
Investors, Ltd. 1/20/99 8,000 $4.3125 Buy Jeffries & Co.
-------------------------------------------------------------------------------------------------------
1/19/99 19,000 $4.3125 Buy Jeffries & Co.
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 23 of 28 Pages
<PAGE> 24
<TABLE>
<S> <C> <C> <C> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------------
1/15/99 15,700 $4.3125 Buy Jeffries & Co.
-------------------------------------------------------------------------------------------------------
12/31/98 190,000 $3.974 Buy N/A*
-------------------------------------------------------------------------------------------------------
12/31/98 376,167 $4.25 Buy N/A**
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
* The December 31, 1998 transaction constituted a transfer of the Shares from
Financial Institution Partners, L.P. to Pacific Financial Investors, Ltd.
** The December 31, 1998 transaction constituted a transfer of the Shares from
Financial Institution Partners II, L.P. to Pacific Financial Investors, Ltd.
Page 24 of 28 Pages
<PAGE> 25
EXHIBIT INDEX
<TABLE>
<CAPTION>
Page
<S> <C> <C>
Exhibit A Consent Agreement to 17 C.F.R. Section 13d-1(f)(1) 27
Exhibit B [OMITTED - - FILED PURSUANT TO REQUEST FOR
CONFIDENTIAL TREATMENT] (Incorporated by reference to
Amendment No. 3, filed with the Commission on December
4, 1998)](5)
Exhibit C - Customer Agreement between NationsBanc Montgomery
Securities and Financial Institution Partners II, L.P.
(Incorporated by reference to Amendment No. 3, filed
with the Commission on December 4, 1998)
Exhibit D - Prime Broker Agreement between NationsBanc
Montgomery Securities and Financial Institution
Partners II, L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on
December 4, 1998)
Exhibit E - Partnership Agreement between NationsBanc
Montgomery Securities and Financial Institution
Partners II, L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on
December 4, 1998)
Exhibit F - Customer Agreement between NationsBanc
Montgomery Securities and Financial Institution
Partners, L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on
December 4, 1998)
Exhibit G - Prime Broker Agreement between NationsBanc
Montgomery Securities and Financial Institution
Partners, L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on
December 4, 1998)
Exhibit H - Partnership Agreement between NationsBanc
Montgomery Securities and Financial Institution
Partners, L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on
December 4, 1998)
</TABLE>
- -------------
(5) Portions of Exhibit 5 have been omitted pursuant to a request for
confidential treatment of information in accordance with Rule 24b-2 of the
Securities and Exchange Act of 1934.
Page 25 of 28 Pages
<PAGE> 26
<TABLE>
<S> <C>
Exhibit I - Customer Agreement between NationsBanc
Montgomery Securities and Hancock Park
Acquisition, L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on
December 4, 1998)
Exhibit J - Prime Broker Agreement between NationsBanc
Montgomery Securities and Hancock Park
Acquisition, L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on
December 4, 1998)
Exhibit K - Partnership Agreement between NationsBanc
Montgomery Securities and Hancock Park
Acquisition, L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on
December 4, 1998)
Exhibit L - Customer Agreement between NationsBanc
Montgomery Securities and Western Acquisition
Partners, L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on
December 4, 1998)
Exhibit M - Prime Broker Agreement between NationsBanc
Montgomery Securities and Western Acquisition
Partners, L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on
December 4, 1998)
Exhibit N - Partnership Agreement between NationsBanc
Montgomery Securities and Western Acquisition
Partners, L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on
December 4, 1998)
Exhibit O - Customer Agreement between NationsBanc
Montgomery Securities and Pacific Financial
Investors, Ltd. (Incorporated by reference to Amendment
No. 5, filed with the Commission on January 25, 1999)
Exhibit P - Prime Broker Agreement between NationsBanc
Montgomery Securities and Pacific Financial
Investors, Ltd. (Incorporated by reference to Amendment
No. 5, filed with the Commission on January 25, 1999)
Exhibit Q - Partnership Agreement between NationsBanc
Montgomery Securities and Pacific Financial
Investors, Ltd. (Incorporated by reference to Amendment
No. 5, filed with the Commission on January 25, 1999)
</TABLE>
Page 26 of 28 Pages
<PAGE> 27
EXHIBIT A
Consent Agreement Pursuant to 17 C.F.R. Section 13d-1(f)(1)
Each of the undersigned hereby consents and agrees to the filing on
behalf of each of them of the foregoing joint statement on Schedule 13D pursuant
to 17 C.F.R. 13d-1(f)(1) with respect to his/its beneficial ownership of the
shares of the Issuer.
FINANCIAL INSTITUTION PARTNERS, L.P., by its
General Partner, HOVDE CAPITAL, INC.
By: /s/ Eric D. Hovde
-------------------------------------
Eric D. Hovde
Its: President
HOVDE CAPITAL, INC.
By: /s/ Eric D. Hovde
-------------------------------------
Eric D. Hovde
Its: President
FINANCIAL INSTITUTION PARTNERS II, L.P., by
its General Partner, HOVDE CAPITAL, L.L.C.
By: /s/ Eric D. Hovde
-------------------------------------
Eric D. Hovde
Its: Managing Member
HOVDE CAPITAL, L.L.C.
By: /s/ Eric D. Hovde
-------------------------------------
Eric D. Hovde
Its: Managing Member
HANCOCK PARK ACQUISITION, L.P., by its
General Partner, HANCOCK PARK ACQUISITION,
L.L.C.
By: /s/ Eric D. Hovde
-------------------------------------
Eric D. Hovde
Its: Member
HANCOCK PARK ACQUISITION, L.L.C.
By: /s/ Eric D. Hovde
-------------------------------------
Eric D. Hovde
Its: Member
Page 27 of 28 Pages
<PAGE> 28
WESTERN ACQUISITION PARTNERS, L.P., by its
General Partner, WESTERN ACQUISITIONS, L.L.C..
By: /s/ Eric D. Hovde
-------------------------------------
Eric D. Hovde
Its: Managing Member
WESTERN ACQUISITIONS, L.L.C.
By: /s/ Eric D. Hovde
-------------------------------------
Eric D. Hovde
Its: Managing Member
PACIFIC FINANCIAL INVESTORS, LTD.
By: /s/ Eric D. Hovde
-------------------------------------
Eric D. Hovde
Its: Managing Member
Dated: 2/23/99
Page 28 of 28 Pages
